Fund Evaluator:
Matthews Pacific Tiger Instl (MIPTX)
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Best Performing in Pacific/Asia ex-Japan Stk Over the Last Year
| 52.0% | Matthews Asia Innovators Investor (MATFX) |
| 49.3% | AMG Veritas Asia Pacific N (MGSEX) |
| 45.4% | Fidelity Advisor Emerging Asia Z (FIQPX) |
| 44.6% | Fidelity Emerging Asia (FSEAX) |
| 37.9% | Matthews Pacific Tiger Investor (MAPTX) |
Fund Details
Matthews Pacific Tiger Instl Overview
Matthews Pacific Tiger Instl (MIPTX) is an actively managed International Equity Pacific/Asia ex-Japan Stk fund. Matthews Asia Funds launched the fund in 2010.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia ex Japan, which consists of all countries and markets in Asia excluding Japan, but including all other developed, emerging, and frontier countries and markets in the Asian region.
About Matthews Pacific Tiger Instl (MIPTX)
There are 2 members of the management team with an average tenure of 0.52 years: Kathy Xu (2026), Mark Headley (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI AC Asia Ex Japan NR USD index with a weighting of 100%. Matthews Pacific Tiger Instl has 71 securities in its portfolio. The top 10 holdings constitute 47.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Matthews Pacific Tiger Instl is part of the Equity global asset class and is within the International Equity fund group. Matthews Pacific Tiger Instl has 94.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 94.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Matthews Pacific Tiger Instl has 5.7% of the portfolio in cash.
Assets Under Management
The fund has $294 million in total assets, which is above the $293 million average for the Pacific/Asia ex-Japan Stk category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MIPTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Matthews Pacific Tiger Instl expense ratio is high compared to funds in the Pacific/Asia ex-Japan Stk category. Matthews Pacific Tiger Instl has an expense ratio of 1.10%, which is 10% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Matthews Pacific Tiger Instl has a portfolio turnover rate of 86%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 79% for the Pacific/Asia ex-Japan Stk category.
Recently, in the month of August 2026, Matthews Pacific Tiger Instl returned 2.1%, which earned it a grade of F, as the Pacific/Asia ex-Japan Stk category had an average return of 3.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Matthews Pacific Tiger Instl has a trailing yield of 0.00%, which is below the 0.80% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Matthews Pacific Tiger Instl Grades
Year to date, the fund has returned 23.7%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 38.0% over the past year (grade of C), 17.7% over the past three years (grade of D) and 4.0% per year over the past five years (grade of D) and 6.9% per year over the past 10 years (grade of F).
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MIPTX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MIPTX Return (NAV) | 2.1% | -6.4% | 38.0% | 17.7% | 4.0% | 6.9% |
| MIPTX Grade | F | F | C | D | D | F |
| +/- Category | -1.2% | -3.8% | 3.6% | -3.8% | -1.3% | -3.5% |
| Pacific/Asia ex-Japan Stk Avg | 3.3% | -2.6% | 34.4% | 21.5% | 5.3% | 10.4% |
| MIPTX Tax Cost Ratio | na | na | 0.6% | 1.5% | 2.2% | 1.6% |
MIPTX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MIPTX Return (NAV) | 23.7% | 30.3% | 3.6% | -4.7% | -20.6% | -4.3% | 29.0% | 10.9% | -10.9% | 40.2% | 0.0% |
| MIPTX Grade | C | C | F | D | B | B | D | F | A | D | D |
| +/- Category | -0.3% | 2.9% | -9.2% | -6.6% | 2.0% | 4.8% | -17.5% | -16.4% | 2.6% | -4.1% | -3.3% |
| Pacific/Asia ex-Japan Stk Avg | 24.0% | 27.4% | 12.7% | 1.8% | -22.6% | -9.1% | 46.5% | 27.3% | -13.5% | 44.3% | 3.3% |
| Risk Measures | |
| Standard Deviation: | 18.7% |
| Total Risk Index: | 1.54 - High |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (46% Rank) |
| Beta: | 1.07 |
| R-Squared: | 58% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $791 Mil |
| Fund Total Assets: | $ 294 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 87% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.6 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): Headley Mark (2026), Xu Kathy (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 71 |
| % in Top 10 Holdings: | 47.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 94.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.7% |
Purchase Information
| Fund Family: | Matthews Asia Funds |
| Phone Number: | 800-789-2742 |
| Website: | www.matthewsasia.com/ |
| Status: | Open |
| Inception Date: | October 29, 2010 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.10% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.22% |
| Share Class: | Matthews Pacific Tiger Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
